Log in | Register

90,000 homes approved in Q3 of 2018

Words: Laura Edgar
Statistics / iStock-520660497

During the third quarter of 2018, 91,841 residential units were approved, with housing schemes of 10 or more units accounting for 87 per cent of the total.

The remainder of the approvals were for smaller new-build projects including self-build schemes; homes that are part of non-residential projects; and the conversion of non-residential properties.

The Home Builders Federation (HBF) and construction date provider Glenigan’s latest Housing Pipeline report found that the number of homes approved during the third quarter was unchanged compared to the previous three months, but 13 per cent lower than in 2017. The report attributes the year-on-year decline to a 13 per cent drop in the number of private units approved and a 24 per cent decline in units on social housing projects.

Housing Pipeline Q3 2018 also considers the first nine months of 2018. The number of homes granted planning permission was 361, 971, which is 3 per cent less than the record high levels approved during the same period in 2017.

However, the number of sites the permissions are being granted on is continuing to rise, with the 361,971 permissions allocated for 21,848 different sites, the highest ‘moving annual total’ since the series was started in 2006.

Stewart Baseley, HBF executive chairman, said the figures “clearly show” the commitment of the industry to delivering further increases in housing supply.

“The industry has delivered unprecedented increases in housing supply over recent years and is continuing to invest heavily in the land and people needed to go further. The recent confirmation of an extension to the Help to Buy scheme provides further certainty and confidence for builders in future demand. This is enabling them to invest in more sites, their supply chains and recruit and train more people, boosting local economies across the country.

“The industry continues to push government for confirmation that it will have ongoing access to skilled labour from abroad post-Brexit, which will be key to its ability to build out these sites.”

More stats from Housing Pipeline Q3 2018

  • 2,813 – the number of private sector housing projects (schemes of three or more units) securing approval during Q3, 4 per cent down on April to June 2018 and 11 per cent lower than during the corresponding period of last year.
  • 81,900 units – the number of private units approved on private sector projects during the third quarter, 2 per cent more than the preceding quarter, but 13 per cent fewer than a year earlier.
  • 156 – the number of social housing projects (of three or more units) that were approved. This is a 13 per cent fewer than the previous quarter and 15 per cent lower than in 2017
  • 35 per cent decline in approvals in the North West during Q3. Declines were also recorded in the North East (24 per cent), East of England (24 per cent), South East (15 per cent) and Wales (18 per cent).
  • East Midlands and South West recorded increases in approvals in Q3 – 13 per cent and 7 per cent respectively compared with a year earlier.

Housing Pipeline Q3 2018 can be found here on the HBF website (pdf).

Image credit | iStock